Gross domestic product in the Republic of Macedonia in 2017- preliminary data -

28.09.2018

According to the preliminary data of the State Statistical Office, obtained from the annual reports of business entities and other sources, the gross domestic product (GDP) in 2017 was 616 600 million denars and in comparison with 2016 it increased by 3.7% in nominal terms. The real GDP growth rate in 2017, compared to 2016, was 0.2%.

The following sectors had the biggest share of value added in the structure of GDP in 2017: (G, H and I) Wholesale and retail trade; repair of motor vehicles and motorcycles; Transportation and storage; Accommodation and food service activities (20.0%).

The final consumption in 2017, in comparison with 2016, increased by 1.7% in nominal terms, while its share in the structure of GDP was 80.8%.

In 2017, the share of export of goods and services in GDP was 55.4%.

According to the preliminary data, the total value of gross fixed capital formation (GFCF) for 2017 was 135 318 million denars.

In the technical structure of GFCF, construction participated with 61.0%, machinery and equipment with 31.5%, and the rest of GFCF with 7.5%.